Sunday Papers: Coca-Cola and Heinz in £3bn battle for Horlicks

Top stories

The Sunday Telegraph: US drinks giant Coca-Cola is considering a £3 billion bid for Horlicks after GlaxoSmithKline put the 145-year-old brand on sale; other potential bidders include Kraft Heinz and Nestle.

The Sunday Times: Clydesdale and Yorkshire banks’ £1.6 billion takeover bid for Virgin Money is expected to be accepted by the owner tomorrow.

The Sunday Times: The expected takeover of Sky later this year will award its senior staff a pay-out of at least £350 million; 21st Century Fox and Comcast are into bidding war to acquire the pay-TV operator.

Business and economics

The Observer: World Cup is expected to boost UK sales of big-screen televisions as John Lewis reported sales jumped on day of opening ceremony with expectations of further increases before England’s first game.

The Sunday Telegraph: Dixons Carphone faces a 23% drop in pre-tax profits to £382 million, heaping further misery on the troubled retailer in the wake of the company admitting it had been struck by a massive data breach.

Mail on Sunday: Online estate agent Purplebricks is planning to launch its business in Las Vegas and Phoenix next week, expanding its US footprint.

The Sunday Times: Hedge fund tycoon Crispin Odey is threatening to unravel a deal that would settle a long-running tax dispute between London-listed Acacia Mining and the Tanzanian government.

The Sunday Telegraph: The long delayed verdict on plans to build £1.3 billion Swansea Tidal Lagoon could emerge as early as this week, which was expected to have been announced last week.

The Sunday Times: Rolls-Royce has secretly filed a patent for a new class of electric engine, which could be one of a string of possible designs that the company believes will one day allow planes to be powered by electrons rather than jet fuel.

The Sunday Times: Under a new European copyright regime that will come into force next year, YouTube will have to significantly increase the amount it pays to record labels for their music.

The Sunday Telegraph: Out-of-pocket creditors of the collapsed tech company Ve Interactive are pursuing its bankrupt founder David Brown for £60 million.

Share tips, comment and bids

The Sunday Times: The German insurance giant Allianz is said to have been working with investment bankers for several months for a large-scale acquisition, with a possible takeover approach for FTSE 100 rivals RSA and Aviva among options being considered.

The Sunday Times: Immotion Group, a tech start-up that produces virtual reality experiences used in shopping malls and theme parks, is planning to float on AIM to raise £5 million.

The Sunday Telegraph: Aim-listed The People’s Operator is selling its US customer base to raise new funding after warning shareholders its cash pile is dwindling and its lender is circling.

We use cookies to give you the best experience on our website. You can continue to use the website and we'll assume that you are happy to receive cookies. If you would like to, you can find out more about cookies and managing them at any time here. This site is for Professional Investors only, please read our Risk Disclosure Notice for Citywire’s general investment warnings

We use cookies to improve your experience. By your continued use of this site you accept such use. To change your settings please see our policy.